#8: Automating profitability in construction, software powered job sites, predicting $15T of spend, and the future of building w/ Briq CEO Bassem Hamdy

The future of the construction industry, more specifically how money flows within construction. In it we cover topics such financial automation from the CFO office right down to the job site, the move from a backwards looking workflow to a real-time and predictive one, as well as the industry tailwinds accelerating overall technology adoption of a $15T segment of the global economy. Bassem Hamdy is founder and CEO of Briq, a next generation financial platform to make construction projects more profitable. Briq, a 150 person tech company out of Santa Barbara, commands a significant share of US construction firms as its customers and now has expanded internationally. The industry uses Briq to gain visibility over the flow of money on a project in order to make better planning decisions and predict profits more confidently. Bassem is a rare breed, he’s been in construction software for over two decades, before it was cool and before there was even an industry around it. First seeing the introduction of resource planning software at CMIC (which now handles over $100B in construction revenue each year) to then being EVP of Enterprise Strategy at Procore (a now public company) helping construction transition to the cloud. Today we get to talk about what the next evolution is. He’s also one of the very few that can speak construction as authentically as he speaks technology. Subscribe for the latest episodes. Email me on [email protected] omnystudio.com/listener for privacy information.